CM Finance Inc (NASDAQ:CMFN) CEO Michael Mauer bought 4,000 shares of the stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $9.61 per share, for a total transaction of $38,440.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Shares of CM Finance Inc (NASDAQ:CMFN) opened at 9.60 on Wednesday. CM Finance Inc has a 12-month low of $8.50 and a 12-month high of $10.80. The firm has a 50-day moving average price of $10.04 and a 200 day moving average price of $10.20.

CM Finance (NASDAQ:CMFN) last posted its quarterly earnings data on Wednesday, September 6th. The investment management company reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. CM Finance had a return on equity of 9.42% and a net margin of 76.03%. The company had revenue of $7.19 million for the quarter, compared to the consensus estimate of $7.40 million. Equities research analysts anticipate that CM Finance Inc will post $1.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.42%. The ex-dividend date is Thursday, September 7th. CM Finance’s dividend payout ratio is presently 58.14%.

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Several institutional investors and hedge funds have recently bought and sold shares of CMFN. KCG Holdings Inc. bought a new stake in shares of CM Finance in the 1st quarter worth $133,000. Eagle Global Advisors LLC raised its stake in shares of CM Finance by 30.0% in the 1st quarter. Eagle Global Advisors LLC now owns 22,717 shares of the investment management company’s stock worth $231,000 after buying an additional 5,240 shares in the last quarter. Stifel Financial Corp raised its stake in shares of CM Finance by 0.7% in the 1st quarter. Stifel Financial Corp now owns 36,556 shares of the investment management company’s stock worth $367,000 after buying an additional 251 shares in the last quarter. Stephens Inc. AR raised its stake in shares of CM Finance by 2.8% in the 1st quarter. Stephens Inc. AR now owns 48,218 shares of the investment management company’s stock worth $489,000 after buying an additional 1,328 shares in the last quarter. Finally, Caxton Corp raised its stake in shares of CM Finance by 3.6% in the 2nd quarter. Caxton Corp now owns 55,102 shares of the investment management company’s stock worth $551,000 after buying an additional 1,898 shares in the last quarter. 44.11% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research lowered CM Finance from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 4th.

About CM Finance

CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies.

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